Palantir Strengthens Army Partnership, Adds AI And Data Enhancements In $618.9 Million Contract [Yahoo! Finance]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Yahoo! Finance
Palantir Technologies Inc. (NASDAQ: PLTR ) shares are trading higher premarket on Thursday. On Wednesday, the company disclosed an extension of its partnership with the U.S. Army to continue delivering the Army Vantage capability for the “Army Data Platform.” The agreement is valued at $400.7 million over four years, with a total potential ceiling of $618.9 million. The new agreement aims to operationalize data across the entire Department of the Army, enabling broader integration of data and AI capabilities. The program is set to expand, offering greater flexibility to support additional Army initiatives while enhancing interoperability and integration through advanced technology investments. As of 2024, the Vantage program has supported over 100,000 users and achieved record-high usage. The platform currently integrates more than 180 unique data sources, enabling seamless connectivity across the Army and Joint community. Looking forward, the program will maintain its ex
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PLTR
Earnings
- 11/4/24 - Beat
PLTR
Sec Filings
- 12/16/24 - Form 4
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- PLTR's page on the SEC website